Mizuho Reacts to Financial Crisis
Japan Trends 
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Mizuho Bank is making some changes at the top of their corporate heirarchy in response to the financial crisis. I had heard and read some comments that Mizuho and the Japanese financial sector’s exposure to the subprime mortgage crisis and other issues facing American banks was not as great. However, this article in FinanceAsia.com indicates Mizuho may have some significant problems, including a poorly timed investment in Merrill Lynch and losses relating to the Lehman bankruptcy, though it’s hard to gague from the article exactly how bad things are.
I share this not to turn JetWit into a financial commentary blog but just as an indicator of Japan-related trends, since the fortunes of many in the JET alumni community, and perhaps the JET Program itself, are tied to the state of the Japanese economy.
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